
23 September 2024 | 8 replies
This could allow you to take advantage of bonus depreciation, which can significantly accelerate the depreciation deductions in the year you place the property into serviceIf you're considering a Cost Segregation study, here are a few things to consider:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...Feel free to reach out with questions!

23 September 2024 | 19 replies
It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.

23 September 2024 | 4 replies
By 1979 real estate investment clubs had started in major metropolitan areas, with many absorbing local RAND clubs.

22 September 2024 | 41 replies
I live in dc area and could do it especially at inauguration etc but for us it’s not worth it in the sense of our house is our house - not someone else’s.

22 September 2024 | 2 replies
Still unclear if we can rezone to 3-unit, but it seems that in that area we cannot have 3-family properties...In case we can't rezone to 3-unit, what are the legal options available for the 3rd unit?
22 September 2024 | 8 replies
Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success

22 September 2024 | 2 replies
Plus, investing in a developing area gives you a chance to see your property appreciate as the neighborhood grows.However, there are some things to consider.

24 September 2024 | 12 replies
If y9ou can accurately describe this owner in your area, there are tools that can give you likely lists.

23 September 2024 | 4 replies
I could then use my proceeds and buy a new house hack in the area.

22 September 2024 | 7 replies
Hi Ran,I would probably ask around locally for a PM to see if they have backoffice services that they offer, other than that, there are a lot of accounting type of services available with third party vendors through the national association of residential property managers.